You’re Not Saving Enough For Retirement

Per NPR, middle-class families tend to put around 10% of what they earn toward retirement, including contributions to Social Security. That’s a lot more than the approximately 2.5% that the lower-class sets aside.

It makes sense that middle-class families save more than the poor, but most don’t save enough. According to the Economic Policy Institute, just over 50% of families in the middle-income earners have a retirement account, whereas 88% of the wealthy.